15th of May City is a 'new city' district in the Southern Area of Cairo, Egypt. Its cornerstone was laid in 1978 on an area of 6400 acres, which tripled to 18,000 acres by 2017. It was constructed to solve the problem of insufficient accommodation. However, after almost forty years, it had only 93,574 residents according to the 2017 census.
15th of May (city)
New Urban Communities Authority
The New Urban Communities Authority is an Egyptian state owned enterprise (SOE) established in 1979 and affiliated to the Ministry of Housing. It is the exclusive satellite city developer in Egypt, in addition to being Egypt's largest real estate developer and constructor of residential units. These activities resulted in revenue of LE 57bn in FY 2019/2020, making it the third largest SOE after petroleum and the Suez Canal.
NUCA headquarters, in Sheikh Zayed City.